The Occasional Speculator

Share this post

As Bonds Break can Stocks be far Behind???

www.theoccasionalspeculator.com

As Bonds Break can Stocks be far Behind???

The Occasional Speculator
Oct 9, 2021
Share this post

As Bonds Break can Stocks be far Behind???

www.theoccasionalspeculator.com

Anyone who followed me into shorting the June 2022 Eurodollar and has been frustrated at the lack of a drop can be comforted (at least slightly) by Friday October 9th’s action…

https://futures.tradingcharts.com/chart/GE/62?anticache=1633812155

This should explain why I am now short (with a 15100 buy stop) the stock market (NASDAQ) too:

https://futures.tradingcharts.com/intraday/NQZ1?anticache=1633813412

Now that the Treasury is free- via the temporary until December lift of the debt ceiling- to auction off huge amounts (like $600B per month in both October and November) of Treasuries the question is who- other than the Fed and those the Fed pays- will buy the Treasuries yielding an all time LOW?

https://www.wsj.com/articles/real-government-bond-yields-tumble-to-record-lows-11627432920

I believe the total media assurance that the Fed still controls interest rates and therefore you can ignore the little man behind the curtain’s (actually the Treasury Secretary Yellen is a little lady) desperate need to get the Federal government cash via auctions is the ELEPHANT IN THE ROOM

If you have to buy any stock I recommend gold and/or silver mining stocks

Big Bob the Bond (and 2022 Eurodollar) Bear

Share this post

As Bonds Break can Stocks be far Behind???

www.theoccasionalspeculator.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 The Occasional Speculator
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing